Rental Program
Our rental program is for seasoned investors who buy and rent residential properties up to 4 units.
Rental Program
Loan Features
Call (800) 208-2976 to speak with a Relationship Manager
| Loan Amount: $150,000 – $1,500,000 ($50,000/unit min.) |
| Loan term: 30 years, 3 years fixed |
| Prepay: 3% prepay first 3 years, 3/2/1 available |
| Rates and points: Extremely competitive |
| Maximum LTV: Up to 75% |
| Cash out available: Certain terms apply |
| Quick closing time: 10 days or less |
| Underwriting: Flexible with minimal documentation |
| Property types: Single-family residence, 2-4 units, townhome, planned unit development & condominium |
| Markets: AZ, CA, CO, DC, FL, GA, MD, NC, TN, TX, VA & WA |
| Occupancy: Non-owner occupied properties only |
| Foreign nationals: Subject to a lower LTV threshold |
| Minimum DSCR: 0.75 Note: DSCR = Gross Rental Income/PITIA (Principle, Interest, Taxes,Insurance, Association Dues) |
Rental Program
Loan Benefits
| Create more opportunities with fast loan turnaround |
| Easy lending with limited documentation required |
| Simple process with loan based on DSCR vs. tax returns |
